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Nov 27, 2012
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let's make a pledge to warren buffett. how about that one. >> announcer: this is the "bill press show." >> bill: hey, good morning everybody. welcome to the "full court press" here on current tv. this tuesday morning. november 27. so good to see you. thank you for joining us here on the "full court press." as we tackle the big stories of the day. tell you what's going on here in our nation's capital. around the country around the globe and take your calls, of course. you're part of the conversation. we'll hear from you. how about this. with less than a month since president obama's re-election people are already talking about 2016 and here's the good news. newt gingrich yesterday said that he will seriously consider running again. keep your fingers crossed. i mean he made such a total ass of himself this time around, we can only hope that he does it all over again. to the moon! with newt! all right. that's just one of the many topics we'll be covering here on today's "full court press." but first, we start out with the lat
let's make a pledge to warren buffett. how about that one. >> announcer: this is the "bill press show." >> bill: hey, good morning everybody. welcome to the "full court press" here on current tv. this tuesday morning. november 27. so good to see you. thank you for joining us here on the "full court press." as we tackle the big stories of the day. tell you what's going on here in our nation's capital. around the country around the globe and take your...
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Nov 26, 2012
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warren buffett taking a jab at norquist this morning in an op-ed in the "times." he says let's forget about the rich and ultrarich going on strike and stuffing ample funds under their mattresses if capital gains are increased. ultrarich will forever pursue investment opportunities. >> i thought that was right. i thought it was right. we always hear job creators. i started a lot of businesses. they never make any money at the beginning. i don't want -- a great line there. i don't want to be so successful i have to pay a lot of taxes. that's stupid. that's something from someone who never ran a business. the late george mcgovern where he discovered how hard it was to be a businessman, you don't create a job. you create a job for tremendous success but you accept losses at the beginning. you never take an investment and say i don't want to do that because i'm afraid i'll have to pay taxes. you just don't. >> regulation sort of dealing with a lot of red tape which we also hear about as an impediment. >> that's a big problem because you don't have the resources typical
warren buffett taking a jab at norquist this morning in an op-ed in the "times." he says let's forget about the rich and ultrarich going on strike and stuffing ample funds under their mattresses if capital gains are increased. ultrarich will forever pursue investment opportunities. >> i thought that was right. i thought it was right. we always hear job creators. i started a lot of businesses. they never make any money at the beginning. i don't want -- a great line there. i don't...
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Nov 29, 2012
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i was commenting on may interview with warren buffett and matt lauer where matt lauer asked him about the wealthiest paying more taxes and stuff. warren buffett said that if the wealthy pay more in taxes then that will give a morale boost to the middle class. how is a morale boost going to help the middle class pay their electric bill and food bill? i thought that was interesting. thank you. guest: i did not think the president thinks we should raise taxes on the top two tax brackets for a morale boost. he says they should do their fair share to help the deficit. host: david in new york. caller: good morning. if we could look back at the beginning of this problem and examine where this debt started to accumulate. in 1980, our national debt was $889 billion. at the end of the bush administration, it was $4.7 trillion. if we keep borrowing money at this rate and that had need to the rich and taking it away from the middle class, it is in a losing combination. people can have a full-time job working for walmart i have to go on food stamps and welfare, there is something wrong with the sy
i was commenting on may interview with warren buffett and matt lauer where matt lauer asked him about the wealthiest paying more taxes and stuff. warren buffett said that if the wealthy pay more in taxes then that will give a morale boost to the middle class. how is a morale boost going to help the middle class pay their electric bill and food bill? i thought that was interesting. thank you. guest: i did not think the president thinks we should raise taxes on the top two tax brackets for a...
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Nov 23, 2012
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if he feels that way and warren buffett and these guys feel that way get your checkbook and show us what occurs. stuart: to fire about patriotic millionaires, a lot of people fired about the facebook page. we told you we were going into triple digits. the dow is up 100 points and there is light volume today. big money people can move the market and apparently, let's go to robert gray. robert: the tech outpacing the broader market. tech stocks in the s&p down leading the charge and it is down below $9 with a disappointing earnings just a week ago and certainly ramping into the black holiday and shopping for electronic gadgets. michael dell said the windows 8 launch last month, giving consumers a real reason to upgrade in several years. the touch screen technology, convertible and hybrid, basically tablets', laptops at the same time to have a built in keyboard, this new technology is a new wow factor for the holidays. stock we should remind you down 35% year to date but it is up 7% this week alone. dave: back to neutral. thank you very much. there is still a cease-fire in gaza right now bu
if he feels that way and warren buffett and these guys feel that way get your checkbook and show us what occurs. stuart: to fire about patriotic millionaires, a lot of people fired about the facebook page. we told you we were going into triple digits. the dow is up 100 points and there is light volume today. big money people can move the market and apparently, let's go to robert gray. robert: the tech outpacing the broader market. tech stocks in the s&p down leading the charge and it is...
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Nov 29, 2012
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buffett, look what they're doing. they are the most generous. they are the most generous people. bill gates has given $70 billion toward health care all around the world. so how can you fault that? but here's the thing. he gets benefit of it. neil: do the rich have a difficult time? passage says easier for a rich person to go through the eye of a needle than to get to heaven. should you plan dressing lightly after you die because it will be hot where you're going? >> we have to do what i call the stewardship of affluence and the stewardship of influence. if i were to say to you, neil, at the end of this year the american dollar is no longer going to be available. we're going to switch to the japanese general. what would you do? if you were a smart man you would switch as much of your assets into japanese yen as possible right now, maintain only enough dollars to get you there to the end of the year. the bible says this is storing up treasure in heaven. you can't take it with you but you can send it on ahead. you send
buffett, look what they're doing. they are the most generous. they are the most generous people. bill gates has given $70 billion toward health care all around the world. so how can you fault that? but here's the thing. he gets benefit of it. neil: do the rich have a difficult time? passage says easier for a rich person to go through the eye of a needle than to get to heaven. should you plan dressing lightly after you die because it will be hot where you're going? >> we have to do what i...
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Nov 29, 2012
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you know, i liked warren buffett's op-ed the other day in the "time"s. a minimum tax for the wealthy. we're going to get to a couple quotes in that in a minute. the beginning promi inning prem issue with. warren buffett lays out a notion once again how crazy grover norquist is because taxation doesn't really affect financial behavior. we could argue about that to the extent of degrees. but i would say two things. first of all, on grover norquist, you know, if you get married in front of a minister, priest or rabbi and you say your oath, and then a year later you don't like your wife anymore, do you go find that priest, minister or rabbi and beat them up and say, listen, get me out of this pledge! no. you made the pledge. it isn't the rabbi, the minister or the priest's fault. if you want to go back on your marriage, that's your decision. grover norquist really isn't the issue here. let's take it a step further. today we had mr. frank who i like with his wealth reports talk about all the behavior that is changing because of the fiscal cliff. patty dom wri
you know, i liked warren buffett's op-ed the other day in the "time"s. a minimum tax for the wealthy. we're going to get to a couple quotes in that in a minute. the beginning promi inning prem issue with. warren buffett lays out a notion once again how crazy grover norquist is because taxation doesn't really affect financial behavior. we could argue about that to the extent of degrees. but i would say two things. first of all, on grover norquist, you know, if you get married in front...
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Nov 29, 2012
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buffett was on cnbc earlier this week and he said you really should not be investing in companies based on tax breaks. do you agree with that? >> i agree 100%. you certainly shouldn't play a stock because you think they may pay a special dividend or that they may increase a dividend. s&p 500's got a pile of cash. corporate america has $2 trillion in cash on the balance sheets. they're going it either pay dividends or buy back their shares or do some type of acquisitions over the next period of time. investing for that is probably a bad idea. but if you own a company which you like a lot, you like the fundamentals, you think they are a market leader in their industry, then regardless of whether you pay 35% or 40%, you don't make an investment decision based on that in terms of taxes. yeah, there is a lot of nose of what's going on in dividends right now. it makes a lot of sense to get that done in 2012 versus 2013 but you shouldn't base an investment decision on it. >> art and steve, gentlemen, both, thank you very much. have a great weekend, guys. >> have a great weekend? it's thursday!
buffett was on cnbc earlier this week and he said you really should not be investing in companies based on tax breaks. do you agree with that? >> i agree 100%. you certainly shouldn't play a stock because you think they may pay a special dividend or that they may increase a dividend. s&p 500's got a pile of cash. corporate america has $2 trillion in cash on the balance sheets. they're going it either pay dividends or buy back their shares or do some type of acquisitions over the next...
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Nov 21, 2012
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this is a stock with renewed focus because it is warren buffett's -- one of his latest additions. small stake but he did add. >> $143 million. "the journal" takes a crack at why you would want it. secular advances in need for global grain output, emerging markets and so ford. along his burlington northern play. he adds to the position down the road. it's only a 1% stake right now. >> where are we in terms of -- i know the company put outlook looking 5% increase for full year 2013 in equipment sales, 10% for the first quarter and $3.2 billion. how does that figure -- >> in line with what wall street was expecting. revenue guidance, growth guidance, that was a little stronger than was expected. this stock has had a monster run since its last earning report back in august. it's up 18% since the end of september. an outperformer relative to the broader market. the question is, is this a pullback, not only because the eps missed but also because they had a big run of late. . are people simply taking profits here? >> we don't talk a lot before greece because there's a lot we don't know.
this is a stock with renewed focus because it is warren buffett's -- one of his latest additions. small stake but he did add. >> $143 million. "the journal" takes a crack at why you would want it. secular advances in need for global grain output, emerging markets and so ford. along his burlington northern play. he adds to the position down the road. it's only a 1% stake right now. >> where are we in terms of -- i know the company put outlook looking 5% increase for full...
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Nov 28, 2012
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as warren buffett has been saying for the last 24 hours, are you really going to turn down a good investment opportunity just because the tax rates are a little higher in we're talking about a minor 4 percentage point increase in the upper end of the tax rate here. it's not life or death. you know, cutting the deficit and raising taxes, if they can't agree, which congress has shown themselves inability to agree. if they're not going to agree, maybe it's not the worst thing in the world for tax rates to go up and for the deficit to be cut. i think that could result in a big economic boom. >> wow. >> and then, let's say two weeks after we go over the cliff, after the 1st of january, they then cut attacks for everybody -- >> but here's the problem with that notion. it's not fine. but, john, it's not fine because a lot of ordinary middle class people -- >> that's the problem. >> -- are trying to spend money at christmas and they're deeply anxious about what's going to happen in january. and these people don't appear to have any regard for the fact that the majority of americans agree with the pr
as warren buffett has been saying for the last 24 hours, are you really going to turn down a good investment opportunity just because the tax rates are a little higher in we're talking about a minor 4 percentage point increase in the upper end of the tax rate here. it's not life or death. you know, cutting the deficit and raising taxes, if they can't agree, which congress has shown themselves inability to agree. if they're not going to agree, maybe it's not the worst thing in the world for tax...
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Nov 27, 2012
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ahead we have billionaire warren buffett with his advice on what will half if we go over the cliff. oprah winfrey sits down for a long conversation with david letterman after refusing to talk to him for 16 years. and rick warren coming up. >> that letterman thing was done at ball state in indiana? >> it was. they were supposed to talk for an hour, instead they went an hour and 45 minutes. a really wide ranging conversation. >> i bet that's great stuff. >> should be interesting. thank you. remember, "cbs this morning" starts at 7:00. >>> we have been hearing the weather word all morning long and it does not look good. a lot of water coming our way. >> there really is. it's the biggest most extended rain that we have had in a long time in the bay area. it doesn't begin today but when it starts tomorrow, man, you will know it. out the door, we have some widespread fog but not as dense as yesterday. mostly cloudy skies for the bay for the remainder of your tuesday, we can seat bay bridge today but in the weather headlines we'll increase the clouds, winds pick up, rain spreads south star
ahead we have billionaire warren buffett with his advice on what will half if we go over the cliff. oprah winfrey sits down for a long conversation with david letterman after refusing to talk to him for 16 years. and rick warren coming up. >> that letterman thing was done at ball state in indiana? >> it was. they were supposed to talk for an hour, instead they went an hour and 45 minutes. a really wide ranging conversation. >> i bet that's great stuff. >> should be...
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Nov 26, 2012
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most americans think washington officials will behave like spoiled children, and warren buffett took the gop to school today, quote, let's forget about the rich and ultra rich going on strike and stuffing their ample funds under their mattresses if, gasp, capital gains rates and ordinary income rates are increased. the ultra rich, including me, says mr. buffett, will forever pursue investment opportunities. so he's calling for a minimum tax on millionaires and billionaires. will republicans listen? >> well, it's a sensible way. if we're going to have a deal, we will have to see some kind of compromise. a minimum tax on people making over $1 million a year can generate a half it trillion in a ten-year scale. if you include deductions you don't necessarily have to go to 39%. you can go to 37% if you are looking for compromise. but i think there's a bigger issue here as well, and that is the idea this is a slightly critical towards the democrats, the biggest issue that this country faces right now is getting us back to 4% economic growth, 3% or 4% economic growth and seeing wages increa
most americans think washington officials will behave like spoiled children, and warren buffett took the gop to school today, quote, let's forget about the rich and ultra rich going on strike and stuffing their ample funds under their mattresses if, gasp, capital gains rates and ordinary income rates are increased. the ultra rich, including me, says mr. buffett, will forever pursue investment opportunities. so he's calling for a minimum tax on millionaires and billionaires. will republicans...
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some people like warren buffett are willing to do, some high income people. it seems to me that's the price of admissions. if the only thing they mean when they say deficit reduction is cutting entitlements, that's not about deficit reduction. it's about cutting entitlements. >> the same guys that are at the trough for a bailout are now experts what we ought to do with entitlement programs in this country. i find that amazing. then mr. blankfein, he throws out a scenario which is totally unrealistic. people don't have 25-year careers. they have 40-year careers is what they have. and construction people when they get in their early 50s and they've worked for 30 years, their bodies are broken down. >> exactly. >> what are they supposed to do? hang around for another 15 till medicare and medicaid show up? they're not even living in the real world. going after entitlements is basically paying lip service to the right wing. it's just romney 2.0. that's all it is. so what should liberals in this country be prepared to accept at this point as you see it? >> well, i
some people like warren buffett are willing to do, some high income people. it seems to me that's the price of admissions. if the only thing they mean when they say deficit reduction is cutting entitlements, that's not about deficit reduction. it's about cutting entitlements. >> the same guys that are at the trough for a bailout are now experts what we ought to do with entitlement programs in this country. i find that amazing. then mr. blankfein, he throws out a scenario which is totally...
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Nov 22, 2012
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and if you were going to analyze them warren buffett style would be quite attractive. what are they and what are the key characteristics? >> we had a report out called raining cash and still raining cash over the last couple of years and we published a new report just a couple of weeks ago called macao's checklist. we're basically saying the reason why you should be owning these stocks going forward is because of the dividend yield. these stocks are generated a huge a free cash flow over the last couple years and now they're looking to pay quite high dividends of about 10%. so we think that's a strong reason to own the is to bes going forward. so it's hard to think about macao as a safe place to be, but as we've highlighted in the report and using buffett as a proxy, it takes a lot of the boxes. so the companies have strong balance sheets. they're basically net cash now. they have high 33% and also generating huge free cash throw. and if you think about the six companies in hong kong, you have three that pay down at that level. so we believe it's very sustainable. >> t
and if you were going to analyze them warren buffett style would be quite attractive. what are they and what are the key characteristics? >> we had a report out called raining cash and still raining cash over the last couple of years and we published a new report just a couple of weeks ago called macao's checklist. we're basically saying the reason why you should be owning these stocks going forward is because of the dividend yield. these stocks are generated a huge a free cash flow over...
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Nov 27, 2012
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. >> warren buffett wrote an interesting op-ed. he is a supporter of the president but said he does not favor raising rates on people making more than $250,000 but said he would support it for people making $500,000. is there an income level where you support or at least not oppose vehemently the idea of racing rates? >> again, you know, i don't think that's a constructive direction to go in. we -- you know, we could just keep adding ever more brackets, and ever more burdens on people who are productive or have a couple of good years in their business. i think all of that discourages economic growth and discourages risk taking and entrepreneurship. so i'm in favor of moving in the direction of a flatter tax system. of fewer brackets, lower rates, simplicity where we get rid of all the distortions that happen in the tax code, rather than speculating about how many different new brackets we should create. >> i want to get to benghazi. on taxes you talk about closing loopholes and reducing destructions. grover norquist says that would
. >> warren buffett wrote an interesting op-ed. he is a supporter of the president but said he does not favor raising rates on people making more than $250,000 but said he would support it for people making $500,000. is there an income level where you support or at least not oppose vehemently the idea of racing rates? >> again, you know, i don't think that's a constructive direction to go in. we -- you know, we could just keep adding ever more brackets, and ever more burdens on...
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Nov 26, 2012
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warren buffett saying this week to the president effectively, my words, not his, don't give in here. don't give in on taxes. threaten to go over the fiscal cliff. it's not going to kill the economy any worse. how does the president work his will here? how does he get to the kind of compromise that david cody wants and other ceos, while still saying i've won this election and i need to drive things in the direction i think is best? >> i think he's got to govern by the commitments made during the campaign. and i think he will. this is about fairness. why do we need to deal with the tax on the rich first? because we must assure americans we are dealing with fairness. we keep talking about shared sacrifice. there was not shared wealth and shared prosperity. so you're asking people that didn't enjoy the good times to share in paying for the tab that they never enjoyed. so i think that when we first deal with the taxes, as you raised in your first point, and then go from there talking about how we deal with entitlements and all, you have a fairer environment to govern from. but you can't p
warren buffett saying this week to the president effectively, my words, not his, don't give in here. don't give in on taxes. threaten to go over the fiscal cliff. it's not going to kill the economy any worse. how does the president work his will here? how does he get to the kind of compromise that david cody wants and other ceos, while still saying i've won this election and i need to drive things in the direction i think is best? >> i think he's got to govern by the commitments made...
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Nov 28, 2012
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we had warren buffett on the show yesterday. warren buffett said raising the top marginal tax rate to 39.6% wouldn't catch any of the top income earners in america. that it would not impact them at all. now why shouldn't republicans be focusing on that, the real political battle in washington today, instead of focusing on a battle they know they're going to lose, against a woman of color after they just got shellacked in the polls among people of color and females. why are they doing this? and, andrea, a bigger question, as we go to a new congress, is john mccain going to continue to have the disproportionate impact that he has on foreign policy in the republican senate caucus? mika and i talked to so many people over the past two, three years that say we want, republican senators, we want out of afghanistan but, you know what, we just sort of stay out of john's way. how many times have we heard that? >> a lot. it's disturbing. >> we hear it all the time. they stay out of his way. are they going to blindly follow and, again, i l
we had warren buffett on the show yesterday. warren buffett said raising the top marginal tax rate to 39.6% wouldn't catch any of the top income earners in america. that it would not impact them at all. now why shouldn't republicans be focusing on that, the real political battle in washington today, instead of focusing on a battle they know they're going to lose, against a woman of color after they just got shellacked in the polls among people of color and females. why are they doing this? and,...
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Nov 28, 2012
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warren buffett said 15.5% yesterday is coming in as revenue. i have heard lower figures. that is the reality of what has happened. we have seen a decline in tax revenue and an increase in spending for a variety of reasons. if we are serious about deficit reduction, we have got to move back the golden 19.6%. let's talk for a minute about what has happened. the chairman of the appropriation committee. let's take a look at where the art today compared to where we were in fiscal year 2001 when the federal government ran a $128 billion surplus. compared to the 2001 figure, we are spending less on non- security concessionary spending than we were. the growth in spending has not been in the non-defense discretionary. the cost of security programs in that same time period has gone up 60%. the cost of mandatory programs is up 30%. i want to call your attention to one aspect progressives need to remind people. of the $1.50 trillion already in spending cuts, $900 billion comes from spending. we have given far more than when it comes to defense side. let's talk about those for a minu
warren buffett said 15.5% yesterday is coming in as revenue. i have heard lower figures. that is the reality of what has happened. we have seen a decline in tax revenue and an increase in spending for a variety of reasons. if we are serious about deficit reduction, we have got to move back the golden 19.6%. let's talk for a minute about what has happened. the chairman of the appropriation committee. let's take a look at where the art today compared to where we were in fiscal year 2001 when the...
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Nov 28, 2012
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warren buffett put one out this week as a way to bring in the revenue. >> a minimum tax on the wealthy. >> right. people are open to different plans. that's the most important thing. you haven't seen people say, it's my way or no other way. that's not what happened. >> it seems the president says you have to get there by rates. >> if you need the significant revenue, i believe you have to do something with rates. let's let everyone put their proposals out. we want to do something significant, not just pretend that people are doing it. >> how much is this posturing -- people who are involved in this seem to say i think we'll get the deal. is that what you think? if so, when? >> oi think first of all the election demanded such a deal. you look at the candidates that lost, we're adhering to rigid ideologies, while the balance of power didn't change in washington, there was a message from the people of this country that they wanted to see a different tone, wanted to see people who were willing to stand next to someone that they didn't always agree with for the betterment of this country. y
warren buffett put one out this week as a way to bring in the revenue. >> a minimum tax on the wealthy. >> right. people are open to different plans. that's the most important thing. you haven't seen people say, it's my way or no other way. that's not what happened. >> it seems the president says you have to get there by rates. >> if you need the significant revenue, i believe you have to do something with rates. let's let everyone put their proposals out. we want to do...
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. >> i think -- you know, i listened to warren buffett yesterday and i look at what's going on with these dividend deals. even at these wide stages of previous times don't see to acknowledge the realities of how tax policy alters our behavior. >> right. all right. rick santelli, thanks. steve, thanks. >> when we come back, rising above partisan politics to avoid the fiscal cliff. we will ask senator orrin hatch what each side should give up to try to avoid a debt disaster. "squawk" will be right back. n ts from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> can entitlement reform be the answer to avoid going over the fiscal clfr? senator orrin hatch things so. senator hatch, thank you very much for joining us this morning. >> happy to do so. >> you kn
. >> i think -- you know, i listened to warren buffett yesterday and i look at what's going on with these dividend deals. even at these wide stages of previous times don't see to acknowledge the realities of how tax policy alters our behavior. >> right. all right. rick santelli, thanks. steve, thanks. >> when we come back, rising above partisan politics to avoid the fiscal cliff. we will ask senator orrin hatch what each side should give up to try to avoid a debt disaster....
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warren buffett can help them out. lori rothman and melissa francis with more coming up. dagen: the market is up, that is good. good afternoon read >> pushing for middle-class tax cuts without any spending concessio concessions, president obama to meet with business leaders on the fiscal cliff after speaking just last hour. we'll ask lou dobbs that he thinks ceos will help to make deals happen. >> now washington is looking at the one sacred mortgage deduction, maybe get rid of it to help heal the budget crisis. >> charlie gasparino on the future of the firm. time for stocks as we do every 15 minutes, before the new york stock exchange, nicole petallides on the floor. a deal is possible by christmas. >> hoping to get some positive comments from john boehner. he is optimistic. a nice little boost. from negative to positive to the session highs, no 50 points away from dow 13,000 once again. the dow once again up 73 points. you have a lot of winners. the banking index is still under some pressure, but retailers are really stealing the show. many are doing well for a variety o
warren buffett can help them out. lori rothman and melissa francis with more coming up. dagen: the market is up, that is good. good afternoon read >> pushing for middle-class tax cuts without any spending concessio concessions, president obama to meet with business leaders on the fiscal cliff after speaking just last hour. we'll ask lou dobbs that he thinks ceos will help to make deals happen. >> now washington is looking at the one sacred mortgage deduction, maybe get rid of it to...
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billionaire warren buffett has an opinion article in today's "new york times" calling for higher taxes on the ultrarich and mocking the idea that investors will pull back if capital gains increase. the dow is down 68. the nasdaq is down 3. s&p is down 6. >>> black friday spending jumped more than 12% from last year. the national retail federation says shoppers -- made 247 million visits to stores and websites and spent an average of $423. but those numbers include shopping that actually started on thanksgiving. another retail tracking company says sales on friday alone actually dropped almost 2% because many retailers were opened a least part of the day on thanksgiving. >>> individual stores could start releasing black friday numbers before the end of the week. early reports show many shoppers liked spending their holidays in stores. that could give toys 'r' us, target and walmart stocks a boost. they are being named by retail analysts as the most shopper- friendly stores and websites during the shopping period. analysts also expect to see active trading on amazon today. their stock is
billionaire warren buffett has an opinion article in today's "new york times" calling for higher taxes on the ultrarich and mocking the idea that investors will pull back if capital gains increase. the dow is down 68. the nasdaq is down 3. s&p is down 6. >>> black friday spending jumped more than 12% from last year. the national retail federation says shoppers -- made 247 million visits to stores and websites and spent an average of $423. but those numbers include...
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Nov 26, 2012
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. >> warren buffett. excellent, powerful piece "new york times" in the about taxes on the rich. he says the rich have been just beating the middle class in the economy over the past three decades. he has some great statistics. he also says this notion that rich people like him will stop working hard and investing if taxes go up is crazy. he says, i made a lot of money in the '50s, in the '60s when taxes were higher. it's time for us to pay up. a very powerful piece. >> he starts off that piece "new york times" in the saying an investor you had miadmire comesd says i've got this great deal. i'm in. you should be, too. would you reply it all depends on the tax rate on the gains i'm going to make. if the taxes are tie hioo high goes on to slap grover norquist. >> that's not fair. >> in this piece he actually says he's in favor of higher taxes for the rich. but he actually disagrees with the president at what level shah should kick in. he thinks it should be half a million. very interestingly, he says at the very, very top it should be a minimum rate of 35%. >> i think it's going to
. >> warren buffett. excellent, powerful piece "new york times" in the about taxes on the rich. he says the rich have been just beating the middle class in the economy over the past three decades. he has some great statistics. he also says this notion that rich people like him will stop working hard and investing if taxes go up is crazy. he says, i made a lot of money in the '50s, in the '60s when taxes were higher. it's time for us to pay up. a very powerful piece. >> he...
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Nov 29, 2012
11/12
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as the chairman just said, for everyone, including warren buffett, ross perot -- they would get tax relief for the first $250,000 of their income as well. you hear some republicans collin this pledge handcuffs that keep them from moving forward. we would hope in the short periodically have before december 31, we would not let a pledge to a special interest supersede the pledge of allegiance to make to our country. finally, once again, the american people are way ahead of the politicians. the american people by two- thirds agree with president obama that we must have a balanced approach to solving deficit issues and moving toward economic growth and job creation. two-thirds. if they were a vote by the american public today, there would be a landslide in favor of providing for the 2% wealthiest americans to pay a little more in taxes to help them get to the point of a balanced approach. a landslide victory. including republicans in america who agree with that. there is no reason to delay. we think we can move forward. the reason there is optimism coming out of this caucus that we can get thi
as the chairman just said, for everyone, including warren buffett, ross perot -- they would get tax relief for the first $250,000 of their income as well. you hear some republicans collin this pledge handcuffs that keep them from moving forward. we would hope in the short periodically have before december 31, we would not let a pledge to a special interest supersede the pledge of allegiance to make to our country. finally, once again, the american people are way ahead of the politicians. the...
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Nov 27, 2012
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yesterday, the billionaire investor warren buffett writing in the new york times says he thinks the country would do just fine if we do -- if we go over the fiscal cliff. on our line for independents, should we go of the fiscal cliff? caller: yes, i think we should. although people who want a budget reduction, it would save the country 4 trillion dollars. i was amazed at how fast the democrats adopted mitt romney's -- for these home deductions. these people want to go around saying obama, obama wally is cutting your social security and medicare in your home deductions are really happy. we are not in this for nothing. nobody cares about us because we want to be so proud of president obama. and let him defund social security. the democrats have no intention of ending the debt ceiling now, because they want to give away more democratic priorities. we hostages. when the republicans have not given anything yet, that is what you get here you get your priorities cut. because you did not say a word. so sit back in your house and yelled obama, obama while he takes all of the food out of your mouth.
yesterday, the billionaire investor warren buffett writing in the new york times says he thinks the country would do just fine if we do -- if we go over the fiscal cliff. on our line for independents, should we go of the fiscal cliff? caller: yes, i think we should. although people who want a budget reduction, it would save the country 4 trillion dollars. i was amazed at how fast the democrats adopted mitt romney's -- for these home deductions. these people want to go around saying obama, obama...
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Nov 26, 2012
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in an op ed column today's "new york times" investor warren buffett add slow indicates a minimum tax on what he calls the ultra rich. he says it will not wreck the economy. "the ultrarich, including me, will forever pursue investment opportunities." >> republican senator john mccain says that he is open to changing his mind on susan rice. now, if she's nominated to become the next swuf state, mccain, he now says he has, of course, been critical of her. she's the current u.s. ambassador to the u.n. she is under fire from republicans for initially saying that it was protesters, not terrorists, who launch the deadly attack on the u.s. consulate in benghazi, libya. rice says she went with the information that the intelligence community gave her at the time. mccain now says he is not going to block her nomination. he is going to give her a chance to explain. here's how he explains that. >> i give everyone the benefit of explaining their position and the action that is they took. you'll be glad to have the opportunity to discuss these issues with her. >> all right. i want to bring in our f
in an op ed column today's "new york times" investor warren buffett add slow indicates a minimum tax on what he calls the ultra rich. he says it will not wreck the economy. "the ultrarich, including me, will forever pursue investment opportunities." >> republican senator john mccain says that he is open to changing his mind on susan rice. now, if she's nominated to become the next swuf state, mccain, he now says he has, of course, been critical of her. she's the...
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Nov 28, 2012
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our friend, not warren buffett but the other guy. a great conversation, ralph nader has been by. years ago -- >> what did he learn from his -- >> did me a favor of not bothering me with his problems which was great that spin too much time trying to make money. >> a useful friends with him? >> i never said anything about him. >> as we go, you have an unusual hobby. you, something unusual. >> i have a collection of backers. also have a collection of airsickness bags. one thing i do ask people who come to the meeting, very helpful if you are traveling, you have an airsickness bag which the free present government afghanistan air sickness bag, so it is a great collection and somebody mentioned years ago in a profile starting in an e-mail, this is -- and odd quirky thing i did. >> what is the mood at the meeting going to be? >> people are very optimistic. people were disappointed because we didn't have the house senate president and then people thought we were going to get the president in the senate and stock didn't go up. we elected a house stronger than the last one. the president
our friend, not warren buffett but the other guy. a great conversation, ralph nader has been by. years ago -- >> what did he learn from his -- >> did me a favor of not bothering me with his problems which was great that spin too much time trying to make money. >> a useful friends with him? >> i never said anything about him. >> as we go, you have an unusual hobby. you, something unusual. >> i have a collection of backers. also have a collection of airsickness...
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Nov 26, 2012
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this one by warren buffett. whether he would give more of his tax dollars if given the opportunity. he says let's forget about the rich and alternate going on strike and stuffing their money under the mattress. we will look at some other opinions. a republican from tennessee, bob corker, a member of the senate banking committee. he writes in the washington post -- fred in lancaster, south carolina, good morning. caller: good morning. the one caller named interior was pretty close to being right. -- named jerry. it wants to cut taxes, how about we bring some of the foreign aid home to pay down some deficits? how about that? we are talking about obamacare. why not put a cap on a $100 aspirin at a hospital and instead say it's $10? i think that's more than enough. host: senator mike lee as a commentary in the washington times -- that is from the "washington times. mike lee is also a member of the joint economic committee. tony is our next caller in las vegas, nevada. caller: hi. on the fiscal cliff, this has been the unspoken agenda of the democratic party for a long time. they want th
this one by warren buffett. whether he would give more of his tax dollars if given the opportunity. he says let's forget about the rich and alternate going on strike and stuffing their money under the mattress. we will look at some other opinions. a republican from tennessee, bob corker, a member of the senate banking committee. he writes in the washington post -- fred in lancaster, south carolina, good morning. caller: good morning. the one caller named interior was pretty close to being...
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Nov 27, 2012
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yesterday, warren buffett said 16.5% and it is coming in as revenue and i have heard lower. spending, it is somewhere on the range of 22%-24%. to me, that is the reality of what is happening. a decline in revenue and an increase in spending for a variety of reasons we could go through. if we're serious about deficit reduction, we often -- we have to move back. the closer we can get to an 18% level as we bring down spending, the more likely we are to have a stable economy in the years ahead. let's talk about what has happened since the time when we did have our budget in balance. the chairman of the appropriations committee of dates the figures from time to time, but let's take a look at where we are today compared to where we were in fiscal year 2001 when the government actually ran a $128 billion surplus. compared to this figure, we are spending less on non-security discretionary spending than we were then. in other words, the growth in spending has not been in the non-defense discretionary accounts. second, the cost of security programs in that same time income since we we
yesterday, warren buffett said 16.5% and it is coming in as revenue and i have heard lower. spending, it is somewhere on the range of 22%-24%. to me, that is the reality of what is happening. a decline in revenue and an increase in spending for a variety of reasons we could go through. if we're serious about deficit reduction, we often -- we have to move back. the closer we can get to an 18% level as we bring down spending, the more likely we are to have a stable economy in the years ahead....
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Nov 29, 2012
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warren buffett yesterday in "the new york times" said 15.5% of our gdp is coming in of revenue. i've heard lower figures, and the spending side of it is summer in the range of 22-24%. well, that to me is the reality of what has happened. we have seen a decline in tax revenue and an increase in spending for a variety of reasons we could go through. if we're serious about deficit reduction in the years to come we've got to move back towards the golden mean 19 points six. the closer we can get our revenue to 18% of level, as we weigh down spending, the more likely we are to have a stable economy in the years ahead. let's talk about what's happened since that time when we did have our budget in balance. danya in a way updates are figures from time to time. but let's take a look at where we are today. compared to where we were fiscal year 2001 when the federal government actually ran the $128 billion surplus. compared to this 2001 figure, we are spending less on nonsecurity discretionary spending than we were then. in other words, the growth in spending has not been in the nondefense
warren buffett yesterday in "the new york times" said 15.5% of our gdp is coming in of revenue. i've heard lower figures, and the spending side of it is summer in the range of 22-24%. well, that to me is the reality of what has happened. we have seen a decline in tax revenue and an increase in spending for a variety of reasons we could go through. if we're serious about deficit reduction in the years to come we've got to move back towards the golden mean 19 points six. the closer we...
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Nov 29, 2012
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buffett mind us, their effective tax rate is quite low. the wealthy are going to have to start paying their fair share of taxes. and i am happy to report to you what you already know. is that more and more republicans are catching on to that fact. >> but the republicans did maintain a significant majority in the house of representatives and it takes two to tango. >> absolutely. but i think the republicans are also good politicians. they have seen the polls, they have seen the election results and more and more republicans have been saying, you know what, we're going to have to ask our wealthy friends to start paying their fair share of taxes and do what we did in the senate, which is protect the bottom idea. >> but you're not open to any cuts in entitlement spending? >> well, first of all, social security, as most americans know -- >> what about medicare and medicaid? >> what you can do withmedicaid a lot of the waste. for example, right now under the medicare part d prescription drug program, we can't negotiate prescription drug prices wi
buffett mind us, their effective tax rate is quite low. the wealthy are going to have to start paying their fair share of taxes. and i am happy to report to you what you already know. is that more and more republicans are catching on to that fact. >> but the republicans did maintain a significant majority in the house of representatives and it takes two to tango. >> absolutely. but i think the republicans are also good politicians. they have seen the polls, they have seen the...
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Nov 28, 2012
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buffett has, where people who make $1 million should pay 30%. host: the average tax percentage is about 10%. if you look it this chart here -- host: eric, rome, georgia. caller: i have an article here that says why congress will not tax the 1%. it tells you about the congressman. 261 are millionaires or billionaires'. the top republican, darrell issa, is worth $441 million. dick armey handed bush a budget for 10 years, and it squandered the surplus. what the article states is they will not raise taxes on the 1%. it is because they are the 1%. host: use of the number in that article is -- you said the number in that article is 261. caller: are millionaires or billionaires'. guest: the caller makes a good point, that the wealth of people in congress has diverged from the average wealth of americans, and a colleague of mine wrote an article looking at this trend, as over the last three years the average net worth of members of commerce has grown extremely well. -- congress has grown extremely well. i do not know if they are motivated by their own i
buffett has, where people who make $1 million should pay 30%. host: the average tax percentage is about 10%. if you look it this chart here -- host: eric, rome, georgia. caller: i have an article here that says why congress will not tax the 1%. it tells you about the congressman. 261 are millionaires or billionaires'. the top republican, darrell issa, is worth $441 million. dick armey handed bush a budget for 10 years, and it squandered the surplus. what the article states is they will not...
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Nov 28, 2012
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buffett but the other guy. soros came by and had a great conversation. ralph nader has been by. >> jack abramoff. >> yeah, years ago. >> what did you learn from his fall from grace? >> he did me a favor of not actually involving me in his problems which was good. but i think he spent too much time trying to make money and not enough time trying to change the world. >> are you still friends with him? >> i haven't talked to him in a long time but i have never said anything is notty about him, i don't disease like him. >> as we go, you have an unusual hobby. tell us about that. you collect something unusual. >> oh, i have a collection of whackers, things you hit people with, mostly from africa. i also have -- i also have a collection of air sickness bags from most of the world. if anybody here travels. and the one thing i do ask people who come to meetings, if you're traveling and you're on one of these really -- i have an air sickness bag which is the prepresent government afghanistan air sickness bag. it's a gre
buffett but the other guy. soros came by and had a great conversation. ralph nader has been by. >> jack abramoff. >> yeah, years ago. >> what did you learn from his fall from grace? >> he did me a favor of not actually involving me in his problems which was good. but i think he spent too much time trying to make money and not enough time trying to change the world. >> are you still friends with him? >> i haven't talked to him in a long time but i have never...